Advanced Medical anticipates trading will meet expectations

18th Dec 2018 09:31

(Sharecast News) - Surgical products manufacturer Advanced Medical Solutions told investors on Tuesday that it had continued to make "good progress" in its current trading year.In addition to its solid progress, the AIM-listed firm said it now anticipates that its results will be in line with current market expectations.Advanced Medical Solutions, which warned back in September that its financial progress in the OEM market had been hindered by a "general slowdown" in woundcare and the exit of one of its US partners from the market, said it was "confident" of meeting the board's expectations for the full year thanks to new product launches, its strong partners and opportunities within its R&D pipeline.Chief executive Chris Meredith, said: "The group continues to deliver good growth supported by innovative product development and is well positioned for the future."Advanced Medical Solutions expects to publish its preliminary results for the year ended 31 December in March 2019.As of 0930 GMT, Advanced Medical Solutions shares had dipped 1% to 275.71p.